Level 3 Audit Training is designed for new seniors who have supervision and review responsibilities, while still having accountability for key audit areas. The curriculum includes journal entry testing, analytical procedures, sampling, auditing contingencies and going concern, and the use of an auditor’s specialist. Throughout the series, we will provide context on what constitutes sufficient appropriate audit evidence and will also introduce trends in financial statement fraud.
In addition to honing their technical competencies, the curriculum will introduce power skills including project management, feedback, and delegation to support your new seniors as they take on their newly expanded client-facing role.
Level 3 Audit Training will be engaging and interactive, with opportunities to work in small groups and apply knowledge learned. At Galasso Learning Solutions, we don’t believe in stale, dry, or boring CPE training sessions but rather real-world information that promotes interactive learning. Attendees of Level 3 Audit Training will understand the fundamentals of auditing and have a solid foundation for all future audit learning.
DESIGNED FOR
Audit staff with more than two years of experience
BENEFITS
Recognize the risks and threats of adjusting journal entries
Recognize the controls over recording journal entries at an entity
Identify the substantive procedures that should be used to obtain comfort while testing journal entries
Identify the sufficiency and appropriateness of audit evidence while performing an engagement
Describe the relevance and reliability of audit evidence
Recall techniques for collecting audit evidence on engagements
Describe the various sampling methodologies
Recall sampling risks
Identify the factors that influence sample size
Recall the various types of analytical procedures that can be used as substantive testing
Describe the steps to properly perform analytical procedures
Recall the differences between preliminary and final analytics on engagements
Recall best practices in project management necessary for senior associates
Perform effective performance evaluations of staff
Identify situations when the auditor should utilize the work of a specialist
Describe the documentation requirements in audit workpapers when the work of a specialist is used
Recall the auditor requirements for evaluating the work of a specialist
Recall trends in financial statement fraud
Identify examples of financial statement fraud
Recall auditing requirements for contingencies
Recall the auditor’s responsibilities for evaluating the appropriateness of going concern accounting and disclosure
HIGHLIGHTS
Day 1: Monday, May 19, 2025
- Guide to Sampling for Substantive Testing
- Best Practices: Journal Entry Testing
Day 2: Wednesday, May 21, 2025
- Evaluating Sufficiency & Appropriateness of Audit Evidence
- Performing Effective Analytical Procedures
Day 3: Wednesday, May 28, 2025
- Power Skills: Your Guide to Delegation, Project Management, and Feedback
- Using the Work of the Auditor’s Specialist
Day 4: Friday, May 30, 2025
- Auditing Contingencies & Going Concern
- Fraud Trends
PREREQUISITES
Two years of audit experience
ADVANCE PREPARATION
None